New York State Attorney General Andrew Cuomo announced the establishment of an independent database for consumer health care reimbursement and a consumer website. Cuomo said that, previously, industry data was skewed to show lower health care costs so insurers could underpay for out-of-network services.
Mr. Cuomo, acting upon concerns raised by the AMA and MSSNY, achieved settlements with the major insurers to replace the flawed Ingenix database with a new database. This will be developed by Fair Health Inc. and an upstate research network headquartered at Syracuse University. Funding is from the Cuomo settlements.
Cuomo stated that this will bring much needed transparency, accountability and fairness ... to a broken system. According to the Cuomo press release, this announcement arises from a wide-ranging investigation which uncovered 'a fraudulent and conflict of interest ridden system'.
Link to WSJ
Link to LIBN
Link to Attny General Cuomo's statement
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